SEC to Review 21Shares Ethereum ETF Application, Paving the Way

If the SEC approves 21Shares' Ethereum ETF application, investors could potentially earn staking rewards on ETH, providing an additional revenue stream along with price appreciation. The proposal also ensures all ETH in the ETF will be owned by the Trust, addressing regulatory concerns about securities. This move could shift how Ethereum is classified, potentially treating it as a commodity rather than a security, as the SEC reassesses its stance on staking. The approval could mark a significant step for Ethereum in the broader crypto landscape what will cause the price to rise!